India IPO Calendar Thins Next Week With Only Two New Offers
Investor attention turns to two subscriptions as recent IPOs head to market debuts.
Overview
- Excelsoft Technologies will open its mainboard IPO from November 19 to 21 at Rs 114–120 per share, targeting Rs 500 crore via a Rs 180 crore fresh issue and a Rs 320 crore offer-for-sale.
- Anand Rathi Advisors is the book-running lead manager and MUFG Intime India is the registrar for Excelsoft, with shares slated to list on the NSE and BSE.
- Gallard Steel will launch an SME book-built fresh issue of 25 lakh shares during November 19–21, aiming up to Rs 37.50 crore at a price band of Rs 142–150.
- Seren Capital is the book-running lead manager and Ankit Consultancy the registrar for Gallard Steel, with the stock to list on the BSE SME platform.
- Tentative timelines indicate allotment on November 24 and listing on November 26 for both offerings, while listings next week include PhysicsWallah and Emmvee Photovoltaic on November 18, Tenneco Clean Air on November 19, Fujiyama Power Systems on November 20, and Capillary Technologies on November 21.